Crypto 'Fear & Greed Index' at 16, signaling extreme fear

CoinMarketCap's Crypto Fear & Greed Index is currently at 16, indicating continued extreme fear in the market. The index measures market sentiment on a scale from 0 (extreme fear) to 100 (extreme optimism). It is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap's proprietary search data.